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Find the Discounted Payback period for the following project. The discount rate is 9% Project X Initial Outlay $8,311 Year 1 $3,763 Year 2 $3,533

Find the Discounted Payback period for the following project. The discount rate is 9%

	Project X
Initial Outlay	$8,311
Year 1	$3,763
Year 2	$3,533
Year 3	$5,456
Year 4	$7,244

Round the answer to two decimal places.

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